# kaal:claim:2389416-013

**Claim.** Only about a fifth of the sample funds exceed the $150 million AUM registration threshold: roughly 79 percent of the 2,145 funds are below it, 17 percent are consistently above it, and 4 percent float across it.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- sample period January to October 2012

**Source quote.**

> About 79% of the entire sample of 2145 hedge funds consists of funds with AUM smaller than $150 million. Only 17% represents the "Large" subsample and 4% the "Strategic" subsample.

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Hedge Fund Performance* (2014), 4. DATA SOURCES AND DESCRIPTIVE STATISTICS

**Cite as.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416

**Verify.** sha256 of source PDF `0e1c4615b104821577498d9655de43b9c5c3e985bb0215f56c038b8232be65c3` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202014%20-%20Did%20the%20Dodd-Frank%20Act%20Impact%20Hedge%20Fund%20Performance.pdf

**Topics.** empirical-evidence, private-funds

**Keywords.** descriptive-statistics, aum-threshold, sample-composition, hedge-funds

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